Motions and Amendments for future Debate

Motions tabled on 26 April 2012

NNDM4974

Jenny Rathbone (Cardiff Central)

Aled Roberts (North Wales)

Simon Thomas (Mid and West Wales)

To propose that the National Assembly for Wales:

1. Notes:

a) the need for fair taxation and social responsibility in the UK financial sector;

b) the potential to achieve this through a financial transaction tax or 'Robin Hood tax' of 0.05% on trading in shares, bonds, foreign exchange and derivatives, much of which is akin to betting in a casino rather than creating long term investment and jobs;

c) that potential proceeds of £20 to £30 billion from the financial transaction tax could be reinvested in tackling poverty and climate change measures;

2. Believes that the financial services industry needs to be seen to be shouldering its share of responsibility for our current economic difficulties; and

3. Urges the Welsh Government to make representations to UK Government to implement the financial transactions tax, mindful of the widespread support amongst other European Governments for such a measure.